Proof of Beauty Studios, a studio of blockchain enthusiasts, has found off the beaten track to create non-fungible tokens (NFTs), NFT Evening reports. The studio uses hashes that are used to connect transactions in blockchain networks to generate unique NFTs.
While it remains unclear how exactly the studio uses hashes for NFT minting, the total trading volume with these tokens on OpenSea hit a whopping 616 ETH (~$2.3 million).
The studio already issued two collections called $HASH and $London. The last one is dedicated to Ethereum's notorious London hard fork, which introduced the EIP-1559 mechanism, a concept of burning a portion of the gas fee for ETH transactions.